The Latin America, Middle East and Africa Photonic Integrated Circuit Market is expected to witness market growth of 12.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Photonic Integrated Circuit Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $541.9 million by 2031. The Argentina market is showcasing a CAGR of 13.9% during 2024-2031. Additionally, the UAE market would register a CAGR of 11.3% during 2024-2031.
In the healthcare sector, PICs improve diagnostic and imaging systems that leverage AI, such as optical coherence tomography (OCT), which provides faster and more detailed for accurate diagnoses. This integration enables better patient outcomes, particularly in ophthalmology and oncology. The demand for high-performance computing solutions, such as these circuits, will only grow as AI and ML technologies evolve.
Furthermore, the proliferation of Internet of Things (IoT) devices is revolutionizing the transmission and processing of data across a variety of sectors, resulting in a significant demand for high-speed, low-latency communication networks. As more devices become interconnected, the need for efficient and reliable data transmission increases significantly. Driven largely by the almost real-time connectivity of 5G technology, these devices are expected to more than double between 2023 and 2028.
This market in the LAMEA region is on an upward trajectory, driven by strategic investments in telecommunications and data center infrastructure. The Brazilian government is actively working to expand its network infrastructure to meet the increasing need for reliable internet connectivity, especially in remote and underserved areas. One significant initiative is the National Broadband Plan (PNBL), which seeks to ensure that all citizens can access high-speed internet. This ambitious plan emphasizes adopting advanced technologies, including photonics, to enhance communication capabilities. Consequently, the demand for photonic integrated circuits is expected to increase significantly as the region continues to build its data infrastructure and enhance its telecommunications capabilities.
The Brazil market dominated the LAMEA Photonic Integrated Circuit Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $541.9 million by 2031. The Argentina market is showcasing a CAGR of 13.9% during 2024-2031. Additionally, the UAE market would register a CAGR of 11.3% during 2024-2031.
In the healthcare sector, PICs improve diagnostic and imaging systems that leverage AI, such as optical coherence tomography (OCT), which provides faster and more detailed for accurate diagnoses. This integration enables better patient outcomes, particularly in ophthalmology and oncology. The demand for high-performance computing solutions, such as these circuits, will only grow as AI and ML technologies evolve.
Furthermore, the proliferation of Internet of Things (IoT) devices is revolutionizing the transmission and processing of data across a variety of sectors, resulting in a significant demand for high-speed, low-latency communication networks. As more devices become interconnected, the need for efficient and reliable data transmission increases significantly. Driven largely by the almost real-time connectivity of 5G technology, these devices are expected to more than double between 2023 and 2028.
This market in the LAMEA region is on an upward trajectory, driven by strategic investments in telecommunications and data center infrastructure. The Brazilian government is actively working to expand its network infrastructure to meet the increasing need for reliable internet connectivity, especially in remote and underserved areas. One significant initiative is the National Broadband Plan (PNBL), which seeks to ensure that all citizens can access high-speed internet. This ambitious plan emphasizes adopting advanced technologies, including photonics, to enhance communication capabilities. Consequently, the demand for photonic integrated circuits is expected to increase significantly as the region continues to build its data infrastructure and enhance its telecommunications capabilities.
List of Key Companies Profiled
- Agilent Technologies, Inc.
- Broadcom, Inc.
- TE Connectivity Ltd.
- Hewlett Packard Enterprise Company
- Nokia Corporation
- Coherent Corp.
- Intel Corporation
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Juniper Networks, Inc.
Market Report Segmentation
By Integration Process
- Hybrid
- Monolithic
By Application
- Data Centers
- Telecommunication
- Biomedical
- Other Application
By Material
- III-V Material
- Lithium Niobate
- Silica-on-silicon
- Other Material
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Photonic Integrated Circuit Market by Integration Process
Chapter 6. LAMEA Photonic Integrated Circuit Market by Application
Chapter 7. LAMEA Photonic Integrated Circuit Market by Material
Chapter 8. LAMEA Photonic Integrated Circuit Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Agilent Technologies, Inc.
- Broadcom, Inc.
- TE Connectivity Ltd.
- Hewlett Packard Enterprise Company
- Nokia Corporation
- Coherent Corp.
- Intel Corporation
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Juniper Networks, Inc.
Methodology
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